Question: Use the information concerning Sharp Screen Films, Inc., provided in Problem 12-1 to fulfill the following requirements. Required: 1. Prepare the statement of cash flows

Use the information concerning Sharp Screen Films, Inc., provided in Problem 12-1 to fulfill the following requirements.
Required:
1. Prepare the statement of cash flows using the direct method for the year ended December 31, current year.
2. Based on the cash flow statement, write a short paragraph explaining the major sources and uses of cash by Sharp Screen Films during the current year.

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Req 1 Related Cash Balance sheet at December 31 Flow Section Current Year Prior Year Change in Cash Cash 73250 63500 9750 10 Net increase in cash O Ac... View full answer

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